Kigtek Electrical Limited - Accounts to registrar (filleted) - small 18.2

Kigtek Electrical Limited - Accounts to registrar (filleted) - small 18.2

KIGTEK ELECTRICAL LIMITED - Company Information

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REGISTERED NUMBER: SC463757 (Scotland)







Unaudited Financial Statements

For The Year Ended 31st December 2020

for

Kigtek Electrical Limited
Kigtek Electrical Limited (Registered number: SC463757)






Contents of the Financial Statements
For The Year Ended 31st December 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Kigtek Electrical Limited


Company Information
For The Year Ended 31st December 2020







DIRECTORS: G A Fleming
K J Williamson
I H Murray





SECRETARY:





REGISTERED OFFICE: 8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP





REGISTERED NUMBER: SC463757 (Scotland)





ACCOUNTANTS: J S Mackie & Co Ltd
8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP
Page 1
Kigtek Electrical Limited (Registered number: SC463757)


Balance Sheet
31st December 2020

2020 2019
Notes £    £   
FIXED ASSETS
Tangible assets 4 32,195 31,446

CURRENT ASSETS
Debtors 5 300,393 331,556
Cash at bank 87,157 151,896
387,550 483,452
CREDITORS
Amounts falling due within one year 6 (117,593 ) (233,726 )
NET CURRENT ASSETS 269,957 249,726
TOTAL ASSETS LESS CURRENT
LIABILITIES
302,152
281,172

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 302,032 281,052
SHAREHOLDERS' FUNDS 302,152 281,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th April 2021 and were signed on its behalf by:





I H Murray - Director


The notes form part of these financial statements

Page 2
Kigtek Electrical Limited (Registered number: SC463757)


Notes to the Financial Statements
For The Year Ended 31st December 2020

1. STATUTORY INFORMATION

Kigtek Electrical Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2019 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2020 54,059
Additions 11,693
At 31st December 2020 65,752
DEPRECIATION
At 1st January 2020 22,613
Charge for year 10,944
At 31st December 2020 33,557
NET BOOK VALUE
At 31st December 2020 32,195
At 31st December 2019 31,446

Page 3 continued...
Kigtek Electrical Limited (Registered number: SC463757)


Notes to the Financial Statements - continued
For The Year Ended 31st December 2020

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 300,399 331,562
Other debtors (6 ) (6 )
300,393 331,556

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 47,566 126,847
Amounts owed to participating interests 13,751 13,751
Taxation and social security 51,267 89,258
Other creditors 5,009 3,870
117,593 233,726

Page 4